RYAN COX , HEAD OF AI AT SYNECHRON
STEVE HARE , CEO OF SAGE
E D I T O R ' S Q U E S T I O N
RYAN COX , HEAD OF AI AT SYNECHRON
The potential of the UK government ’ s AI policy to drive innovation is clearly an exciting development . With the correct support , AI has the scope to supercharge the country ’ s economy , businesses and people . Prioritising Digital Transformation using AI will help speed positive societal changes .
In our own work with AI , both with employees and clients , we ’ ve seen AI significantly streamline operations , which is a harbinger of what is to come for other companies , government departments and institutions .
For instance , our HR team has saved more than 350 hours per month , our software engineers have seen up to 60 % of productivity gains and investment banking clients have experienced a 50 % reduction in research time using our AI tools .
This is only a small example of the productivity gains that the UK government can expect to see in the future .
STEVE HARE , CEO OF SAGE
The UK Government ’ s ‘ AI Action Plan ’ represents an important step forward in boosting the country ’ s AI sector .
While building better infrastructure and attracting top-tier talent is vital , success hinges on making AI accessible to all – especially the 99 % of UK businesses that are SMBs .
At Sage , we know 75 % of SMBs are thinking about investing in AI this year . As Keir Starmer said , AI can transform their record keeping and planning . The potential is huge , but turning intent into action requires Government support through a comprehensive digital adoption and data strategy that fosters an innovation-friendly environment .
When SMBs fully embrace AI , the benefits – productivity , innovation , growth – will ripple across the entire economy .
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